S&P has reached a lot of resistance here at 2710 (fib, MA100) with 5 waves up (small 5th wave). If we break above the 2710 area and the MA200 @ 2743, the next stop is 2812 (fib) and the top of the "V" pattern we are currently in.
We may be testing previous lows soon (double bottom) with a possible bounce up after.
The weekly chart is also looking down which may prevent a big bounce upward.
Any positive news could turn us upward from here but at least we have some idea where these events may happen from a chart perspective.